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Reactivity is a somewhat vague concept in chemistry. It appears to embody both thermodynamic factors and kinetic factors—i.e., whether or not a substance reacts, and how fast it reacts. Both factors are actually distinct, and both commonly depend on temperature. For example, it is commonly asserted that the reactivity of group one metals (Na, K, etc.) increases down the group in the periodic table, or that hydrogen's reactivity is evidenced by its reaction with oxygen. In fact, the rate of reaction of alkali metals (as evidenced by their reaction with water for example) is a function not only of position within the group but particle size. Hydrogen does not react with oxygen—even though the equilibrium constant is very large—unless a flame initiates the radical reaction, which leads to an explosion.

Restriction of the term to refer to reaction rates leads to a more consistent view. Reactivity then refers to the rate at which a chemical substance tends to undergo a chemical reaction in time. In pure compounds, reactivity is regulated by the physical properties of the sample. For instance, grinding a sample to a higher specific surface area increases its reactivity. In impure compounds, the reactivity is also affected by the inclusion of contaminants. In crystalline compounds, the crystalline form can also affect reactivity. However, in all cases, reactivity is primarily due to the sub-atomic properties of the compound.

Although it is commonplace to make statements that substance 'X is reactive', all substances react with some reagents and not others. For example, in making the statement that 'sodium metal is reactive', we are alluding to the fact that sodium reacts with many common reagents (including pure oxygen, chlorine, hydrochloric acid, water) and/or that it reacts rapidly with such materials at either room temperature or using a Bunsen flame.

'Stability' should not be confused with reactivity. For example, an isolated molecule of an electronically state of the oxygen molecule spontaneously emits light after a statistically defined period. The half-life of such a species is another manifestation of its stability, but its reactivity can only be ascertained via its reactions with other species.

The second meaning of 'reactivity', that of whether or not a substance reacts, can be rationalised at the atomic and molecular level using older and simpler valence bond theory and also atomic and molecular orbital theory. Thermodynamically, a chemical reaction occurs because the products (taken as a group) are at a lower free energy than the reactants; the lower energy state is referred to as the 'more stable state'. Quantum chemistry provides the most in-depth and exact understanding of the reason this occurs. Generally, electrons exist in orbitals that are the result of solving the Schrödinger equation for specific situations.

All things (values of the n and mlquantum numbers) being equal, the order of stability of electrons in a system from least to greatest is unpaired with no other electrons in similar orbitals, unpaired with all degenerate orbitals half filled and the most stable is a filled set of orbitals. To achieve one of these orders of stability, an atom reacts with another atom to stabilize both. For example, a lone hydrogen atom has a single electron in its 1s orbital. It becomes significantly more stable (as much as 100 kilocalories per mole, or 420 kilojoules per mole) when reacting to form H2.

It is for this same reason that carbon almost always forms four bonds. Its ground state valence configuration is 2s2 2p2, half filled. However, the activation energy to go from half filled to fully filled p orbitals is so small it is negligible, and as such carbon forms them almost instantaneously. Meanwhile, the process releases a significant amount of energy (exothermic). This four equal bond configuration is called sp3hybridization.

The above three paragraphs rationalise, albeit very generally, the reactions of some common species, particularly atoms. One approach to generalise the above is the activation strain model[1][2][3] of chemical reactivity which provides a causal relationship between, the reactants' rigidity & their electronic structure, and the height of the reaction barrier.

where the rate is the change in the molar concentration in one second in the rate-determining step of the reaction (the slowest step), [A] is the product of the molar concentration of all the reactants raised to the correct order, known as the reaction order, and k is the reaction constant, which is constant for one given set of circumstances (generally temperature and pressure) and independent of concentration. The greater the reactivity of a compound the higher the value of k and the higher the rate. For instance, if,